R3 Industrial LLC
R3 Industrial LLC is located in Franklin, Kentucky, and its industry is listed as Industrial Launderers (NAICS 812332). The company was financed with an SBA 7(a) loan for a change of ownership of $3.5 million, approved on September 25, 2025, through German American Bank.
SBA 7(a) loan, change of ownership, approved Sep 25, 2025
$3,495,900 approvedLender: German American Bank95 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,495,900
- SBA-guaranteed amount
- $2,621,925 (75% of the approval)
- Lender
- German American Bank, Jasper, IN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7.89%, fixed
- Term
- 7 years, 11 months (95 months)
- Estimated maturity
- August 25, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $49,597 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 812332, Industrial Launderers
- Project location
- Simpson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Industrial Launderers: $3,495,900.
- Average acquisition loan in Kentucky: $1,988,993.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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